«Housing wealth
provides older homeowners with an available source of funds to manage the costs of caregiving and other expenses incurred in the last third of life,» Bell said.
Not exact matches
The plan would permanently cap property taxes,
provide property tax rebates to
older homeowners and cut the personal income tax.
«While many
homeowners may not know about the flexible financial options reverse mortgages
provide, AAG is working to educate
older Americans about this popular loan for those age 62 and over.»
If you are a
homeowner 62 years or
older and have a significant amount of equity, a reverse mortgage can
provide the means to access a portion of your home's equity to help cover medical costs.
The reverse mortgage is a national program available to
homeowners age 62 and
older providing you access your home's equity without having to make a monthly mortgage repayment.
We educate home buyers to prepare for homeownership, partner with
homeowners to avoid foreclosure, and
provide reverse mortgage counseling to
older adults.
While these statistics
provide interesting insight into reasons many
older Americans pursue a reverse mortgage, remember that every
homeowner's needs are unique.
This article
provides some interesting data about why
older homeowners ultimately decide to take out a reverse mortgage loan.
Truth: A reverse mortgage
provides that
homeowners, age 62 and
older, can live in their home through the life of the loan, which extends to the 150th birthday of the youngest
homeowner.
For any
homeowner with a roof that is
older than 10 years, SGI will now
provide payment for the repair or replacement of the roof, less the deductible and depreciation for the age and type of roof.
Homeowners insurance typically does not
provide coverage for earthquakes, but an
older home can sustain damage from even a small tremor.
The firm has learned that many homebuyers like the protection from unexpected covered expenditures that the home warranty can help
provide, especially newer
homeowners who may not have the cash reserves of
older buyers.
Cream and neutral colours are a time
old favourite for
homeowners due to their ability to blend in with any surrounding, whilst
providing a relaxing and comforting atmosphere in all areas of the house.